Rating To Observe: Is Matador Resources Company (NYSE:MTDR) Worth Your Time After Placed KLR Group’s Downgrade?

November 28, 2016 - By Vivian Park

Rating To Observe: Is Matador Resources Company (NYSE:MTDR) Worth Your Time After Placed KLR Group's Downgrade?

Matador Resources Company (NYSE:MTDR) Downgrade

KLR Group has downgraded Matador Resources Company (NYSE:MTDR) stock to Hold in a an analyst note issued to investors and clients on 28 November. MTDR’s old rating was Accumulate.

Matador Resources Co (NYSE:MTDR) Ratings Coverage

Out of 15 analysts covering Matador Resources (NYSE:MTDR), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $37 is the highest target while $18 is the lowest. The $25.88 average target is 5.76% above today’s ($24.47) stock price. Matador Resources has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, March 30 by Seaport Global. The rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, June 29. Wunderlich maintained Matador Resources Co (NYSE:MTDR) on Thursday, February 4 with “Buy” rating. Northland Capital maintained it with “Outperform” rating and $29.0 target price in Wednesday, September 16 report. The firm has “Outperform” rating by FBR Capital given on Friday, August 5. The rating was downgraded by KLR Group to “Hold” on Tuesday, March 8. The firm has “Outperform” rating by Iberia Capital Partners given on Friday, January 22. The stock of Matador Resources Co (NYSE:MTDR) has “Hold” rating given on Tuesday, October 20 by Canaccord Genuity. KLR Group upgraded the stock to “Hold” rating in Wednesday, December 9 report. Wunderlich maintained it with “Buy” rating and $25 target price in Wednesday, March 9 report.

About 450,057 shares traded hands. Matador Resources Co (NYSE:MTDR) has risen 18.63% since April 25, 2016 and is uptrending. It has outperformed by 12.61% the S&P500.

Analysts await Matador Resources Co (NYSE:MTDR) to report earnings on February, 22. They expect $0.08 earnings per share, up 166.67% or $0.05 from last year’s $0.03 per share. MTDR’s profit will be $7.36 million for 76.41 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by Matador Resources Co for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.69, from 1.8 in 2016Q1. The ratio worsened, as 16 funds sold all Matador Resources Co shares owned while 45 reduced positions. 37 funds bought stakes while 73 increased positions. They now own 74.97 million shares or 5.00% less from 78.92 million shares in 2016Q1.

Kalmar Investments De holds 0.9% of its portfolio in Matador Resources Co (NYSE:MTDR) for 1.03 million shares. Mutual Of America Mgmt last reported 0.06% of its portfolio in the stock. Avalon Ltd Llc holds 0.02% of its portfolio in Matador Resources Co (NYSE:MTDR) for 20,486 shares. Picton Mahoney Asset Management reported 263,340 shares or 0.32% of all its holdings. Engineers Gate Manager L P has 0.13% invested in the company for 90,500 shares. Teton Inc reported 35,600 shares or 0.06% of all its holdings. State Board Of Administration Of Florida Retirement System holds 47,261 shares or 0% of its portfolio. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Matador Resources Co (NYSE:MTDR). Moreover, Goldman Sachs Group has 0% invested in Matador Resources Co (NYSE:MTDR) for 334,107 shares. Penn Capital has 0.01% invested in the company for 10,936 shares. Sfmg Lc has 98,551 shares for 0.44% of their US portfolio. Voya Invest Mgmt Ltd Liability last reported 0% of its portfolio in the stock. Nicholas Inv L P holds 0.44% of its portfolio in Matador Resources Co (NYSE:MTDR) for 319,530 shares. State Common Retirement Fund holds 0% of its portfolio in Matador Resources Co (NYSE:MTDR) for 105,581 shares. Nikko Asset Management Americas Incorporated accumulated 0.42% or 209,600 shares.

Insider Transactions: Since August 8, 2016, the stock had 2 insider buys, and 0 insider sales for $249,062 net activity. Davis Joe A had bought 8,767 shares worth $199,046 on Wednesday, August 31. Byerley William M had bought 2,288 shares worth $50,016 on Monday, August 8.

Matador Resources Company is an independent energy firm engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The company has a market cap of $2.25 billion. The Company’s segment is oil and natural gas exploration and production. It currently has negative earnings. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

According to Zacks Investment Research, “Matador Resources Company is an energy company engaged in the exploration, development and acquisition of oil and natural gas resources in the United States. It focuses on oil and natural gas shale plays and other unconventional resource plays. Matador has operations primarily in Texas and Louisiana. The Company has acreage positions in west Texas, New Mexico, Wyoming, Utah and Idaho. Matador Resources Company is headquartered in Dallas, Texas.”

MTDR Company Profile

Matador Resources Company, incorporated on November 22, 2010, is an independent energy firm engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segment is oil and natural gas exploration and production. The Company’s activities are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Firm also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.

More recent Matador Resources Co (NYSE:MTDR) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on February 02, 2012. Also Fool.com published the news titled: “Matador Resources Co.’s 13.4% June Swoon Defies Analysts” on July 07, 2016. Quotes.Wsj.com‘s news article titled: “News Matador Resources Co.MTDR” with publication date: January 28, 2012 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>